You are viewing a single comment's thread from:

RE: At Risk Of Losing Trillions

in #money6 years ago

Lies, lies and more lies.

The problem is there has been no increase in wealth in any of the developed countries in 50 years.

Real wealth is the ability to create things. Factories. Machines. Skilled workforce.
All of that has been gutted.

So, the increase has only been on paper.
And if it is ever marked-to-market, we are going to see Trillions disappear overnight.

If any of the big stock exchanges were actually audited, we would find that 5 stocks are sold for each that exist. So, overnight, 80% of that "wealth" will disappear.

And the pensions are so seriously underfunded that the only thing that will save them is a national epidemic. But with the FDA spearheading the poisoning of america, they might get it.

So, it isn't a risk, it a sure thing. It is only a matter of when.
The emperor has no clothes. All that is left is for some child to say, "why is the king naked?"

The US$ will not leave reserve world status until something else becomes big enough to take over. The Yuan won't do it, the Euro will die first...
The only thing that will replace it is bitcoin.

Coin Marketplace

STEEM 0.17
TRX 0.13
JST 0.027
BTC 59500.17
ETH 2654.95
USDT 1.00
SBD 2.41